I’ve been wanting to open a new online high yield savings account for some time now, and it seems that I would write a review about Ally Bank Savings Account. Finding a savings account with a higher interest rate means hundreds of dollars in interest per year with Ally Bank 1.75% APY with 0 minimum balance and no monthly fees. If you are interested, click on the offer banner below and open your savings account today.
A little history about Ally Bank; they came from GMAC bank as of May 2009 to give the new bank a facelift. You can almost be certain your money will be safe since they are FDIC insured for up to $250,000 per depositor.
High Yield Interest No Minimums No Fees FDIC Insured
Top Features Of An Ally High Yield Savings Account
-Open with $0
-No minimum balance
-No monthly fees
-Daily compounded interest for maximum earnings
-FDIC insured to the maximum allowed by law. Maximize your coverage
-Six transactions per statement cycle with no fees.
-Your actual variable rate will go into effect when you make your opening deposit
-Create sub-accounts with different names and account numbers.
-Daily compounded interest for maximum earnings
-24 hours a day, 7 days a week customer service at 1-877-247-ALLY (2559) for 24/7 assistance
-FDIC insured up to $250,000
-High level of online security
Opening Process for An Account With Ally Bank
You will need:
-Drivers license
-Social Security Number
Opening an Ally Bank account is an easy 5-step process. They will need to verify your identity and will do a hard pull on your credit report. The opening process took less than 5 seconds after submitting your application to see if your application is approved or not. Then create your security settings for viewing your account information and activity online. You could also choose electronic statements to save paper.
With Ally Bank being FDIC insured and one of the highest rates in the country, you can be sure your money is safe with excellent 24/7 customer service. You can log into your bank account and download everything via Intuit Quicken and Microsoft Money through Web Connect. It offers solid banking with no fees or minimums and a super clean account interface that is easy to use.
Those who are current Ally Bank customers, could you share your experience with them? What are the pros and cons so far?